IWOG, for the love of god, click the "Ignore" link on this idiot. He isn't interested in intelligent debate, seeking truth, or as far as I can tell anything worthwhile. I ignored him and it's fantastic. I only see his posts when a) he is the original poster, b) someone responds to his idiotic posts. People like him detract from / dilute the value of the forums. If we could just get more people to click the ignore link it would make this a better place.

Literally LOL here.

What can I say, I'm a sucker for troll bait. Sometimes as in this instance however it's almost worth it.

In Los Angeles, they actually did push too high. This creates all sorts of problems...namely people who don't pay and must be evicted, unauthorized subleasing which creates crowded buildings and increased chance of damage, etc

Rents hit a wall in September and have been declining since. I signed a new lease at the end of October and already regret it. I knew rents were starting to decline but was fearful that there wouldn't be many places available when my lease expired in January. Boy was I ever wrong. Last week, after nearly two years of 100% occupancy, my building advertises four units on Craigslist. And now all sorts of nearby units available, at prices from over two years ago as well.

I'll be VERY surprised if we don't see a 7-10% decline in rents in Los Angeles by the end of 2013.

Wow, I'm a man of many talents. First I was apparently a realtor, now according to "Darrell", I've become a contractor. And all based from Kuwait. Long distance construction and home selling indeed. It all sounds nearly as impressive as your nationwide garden shed construction empire.

The thing I can't understand is how can Iwog and Roberto the Realtor both claim that investors are going to buy up all the houses in the country to rent them out, and still state that rents are rising in the same sentence. These 2 guys have lied so much, that they are now stepping on their own tongues.

The thing I can't understand is how can Iwog and Roberto the Realtor both claim that investors are going to buy up all the houses in the country to rent them out, and still state that rents are rising in the same sentence. These 2 guys have lied so much, that they are now stepping on their own tongues.

It's not complicated. Investors rent to the former owners. Every foreclosure creates a new renter. It's a zero sum game.

Even if you assume that nobody doubles up or moves back in with their parents (which is a big ass-umption to make), I guess, I still don't understand where is the rents going up part. I guess, the only thing which I do understand is that they didn't teach you in school that "zero sum game" translates to: rents ain't going up.

Sure, and population grows at about 1% and the price of gasoline will drive people in and out of far-flung suburbs depending on if it's high or low. There are multiple factors. Baby boomers might invigorate the healthcare economy and wages might start going up again.

Even if you assume that nobody doubles up or moves back in with their parents (which is a big ass-umption to make), I guess, I still don't understand where is the rents going up part. I guess, the only thing which I do understand is that they didn't teach you in school that "zero sum game" translates to: rents ain't going up.

First accept that you were dead wrong in all of your predictions of current market movement.

Then examine WHY you were wrong. Unless you do this and have logical explanations, you are in no position to teach me or anyone else about the real estate market.

According to you rents CAN'T be going up but they are doing so anyway. Presenting an argument why reality can't be true is a piss poor way to debate a topic.

So Iwog. When are you going to accept that you were dead wrong about Silver going to $15, and that you have no business teaching anybody, here, anything. Or, are you going to wait until silver gets to $100, before you make that acceptance speech?

So Iwog. When are you going to accept that you were dead wrong about Silver going to $15, and that you have no business teaching anybody, here, anything. Or, are you going to wait until silver gets to $100, before you make that acceptance speech?

I didn't say I couldn't be wrong or you couldn't be wrong. I said unless you're willing to examine WHY you were wrong, you're not worth talking with because you can't even admit the way things really are.

And an 11 year bull market in PMs and a 6 year bear market in housing is not a trend, in your opinion? It is you who is not working with the trend, thinking that the trend has changed, just because we had 6 months of seasonal dead-cat bounce.